What happens to bank accounts when leaving the UK?
Sep 4th 2020, 3:47 pm
#16
Lost in BE Cyberspace
Joined: Apr 2008
Location: Hérault (34)
Posts: 8,888
Re: What happens to bank accounts when leaving the UK?
I have a problem, living in Netherlands, have a Lloyds bank acct in UK, just received letter stating they are closing all accounts for people who live outside UK. Anyone know of a bank account i can get where my flat in UK, rental payments can be paid into, looked into off shore accounts but i don't have loads of money 
Are there any online only ones for us expats to have, that accept money from UK and i can transfer over to my Dutch bank? Or any sites i can look at? or ask?
Thanks
Are there any online only ones for us expats to have, that accept money from UK and i can transfer over to my Dutch bank? Or any sites i can look at? or ask?
Thanks
If you have a Dutch bank a/c, why not arrange for your rental payments to be paid into it directly?
Sep 26th 2020, 9:24 am
#17
Just Joined
Joined: Sep 2012
Location: Switzerland
Posts: 28
Re: What happens to bank accounts when leaving the UK?
Nationwide have a bank account for non residents. To set it up you have visit a branch in person to verify your ID.
Sep 26th 2020, 9:40 am
#18
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,203
Re: What happens to bank accounts when leaving the UK?
There are a number of threads on this very subject started in light of current banking situations which is seeing many of the banks closing accounts of non UK residents because of changes caused by the transition period ending and no other arrangements made by the government.
Sep 27th 2020, 3:23 pm
#19
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: What happens to bank accounts when leaving the UK?
There are a number of threads on this very subject started in light of current banking situations which is seeing many of the banks closing accounts of non UK residents because of changes caused by the transition period ending and no other arrangements made by the government.
Dec 5th 2020, 3:03 pm
#20
BE Enthusiast
Joined: Oct 2016
Posts: 817
Re: What happens to bank accounts when leaving the UK?
This link was part of my investigation; my daughter was allowed to keep her account at HSBC because of this, but that was before Brexit.
The thing is that HSBC is one of the few banks which has applied for some kind of license to keep former British / UK resident customers who have moved to / changed their address to mainland Europe. Some British banks don't have this license. How this will work out for other customers of UK banks post Brexit who moved to the mainland, no idea? The rule / regulation / law is still that one has to be present in the UK and supply a UK address when opening an account, which might not be practical for one who just moved to the mainland....
Dec 5th 2020, 7:19 pm
#21
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,005
Re: What happens to bank accounts when leaving the UK?
Transferwise quite useful as it can provide bank accounts in various countries including usa and uk, and with the debit card be used everywhere, and one can hold various currencies even for countries where they don't offer bank accounts. i dont know whether good to leave too large amount on deposit
Dec 7th 2020, 5:32 pm
#22
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: What happens to bank accounts when leaving the UK?
The press reporting today that Nationwide also cancelling accounts for Uk citizens resident in some EU countries
Dec 7th 2020, 5:45 pm
#23
BE Forum Addict
Joined: Nov 2011
Location: Central Italy
Posts: 3,653
Re: What happens to bank accounts when leaving the UK?
Last edited by philat98; Dec 7th 2020 at 5:58 pm.
